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Listed by PIATT SOTHEBY'S INTERNATIONAL REALTY
$699,000
Est. payment /mo
0.46 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 1736117
HOA Y/N No
Annual Tax Amount $2,515
Lot Size 0.461 Acres
Acres 0.461
Property Sub-Type Business
Property Description
Rare historic gem (c.1900 former Pennsylvania Railroad station) along Ohio River, fully renovated & 100% leased under triple-net (NNN) terms. Passive income with NOI ~$66,000. | ~2,586 SF Bldg | 0.46 Acres | ~9.4% Cap Rate
Subway (~1,100 SF): $36K/yr base; 5-yr term (2024 start) + 3x5-yr options @10% increases.
Cigars & Ash (~1,100 SF): $30K/yr base; 5-yr term (2025 start) + 3x5-yr options @10% increases.
Tenants cover pro-rata common area maintenance costs, taxes & insurance; landlord limited to roof. High visibility on Route 65, ample parking, strong leases w/exclusives & Franchisor Rider.
Subway (~1,100 SF): $36K/yr base; 5-yr term (2024 start) + 3x5-yr options @10% increases.
Cigars & Ash (~1,100 SF): $30K/yr base; 5-yr term (2025 start) + 3x5-yr options @10% increases.
Tenants cover pro-rata common area maintenance costs, taxes & insurance; landlord limited to roof. High visibility on Route 65, ample parking, strong leases w/exclusives & Franchisor Rider.
Location
State PA
County Allegheny-north
Area Leetsdale
Zoning Com
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Waterfront Description River Front
View Y/N Yes
View River
Total Parking Spaces 16
Building
Structure Type Brick
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Nearby School & Business
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